Gold Coins

Discussion in 'Bullion Investing' started by CHARLES GINETTO, Mar 24, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    Sell with BIN and free shipping! That's the only way to survive on feebay! It's gonna cost you, but you'll find out quick enough if it's worth it! :D
     
    Kentucky and johnyb like this.
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  3. imrich

    imrich Supporter! Supporter

    I've determined that both sellers and buyers are generally acting irrationably, with buyers wanting to pay less, and sellers wanting to be paid more.

    I'd suggest a minimum sales price 115% of the melt values in this link: http://www.coinflation.com/gold_coin_values.html + sales tax amount. I don't sell any longer on eBay, but have had reasonable success with coins purchased in the past.

    Sellers list their inventory with a price, but often when you agree to pay their price, on multiples, they state sales, but a little later will have some of the coins listed.

    Just list your desired/offer? price initially, and you'll probably realize market interest quickly.

    JMHO
     
    Last edited: Mar 24, 2020
  4. HaleiwaHI

    HaleiwaHI Active Member

    Regardless of how you choose to distribute your charges, you're going to have to absorb these various expenses to PayPal, Ebay, shipping, insurance, taxes & packing costs. I'm thinking most people are adding about 7%-10% overhead. And it wouldn't be out of range to add up to 15% since that might even be more realistic for you. Some auction houses allow you to automatically add the 12-15% at bidding time.
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Hmm! As it turns out, I wasn't the only one.

    https://www.kitco.com/news/2020-03-...s-soar-over-100-on-London-spot-confusion.html

     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I've never seen that, especially now....I thought there was a "shortage" of gold (and silver) coins and that the price for them had moved up sharply even though the underlying bullion price had not ?
     
  7. CHARLES GINETTO

    CHARLES GINETTO Active Member

    I should have said that I was selling below value, but I raised my prices at the beginning of March do not use promotions nor make an offer.
     
    GoldFinger1969 likes this.
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Can you give us an example of what you are selling -- raw coins, slabbed, MS or PF 70's, DCAM, etc. ?
     
  9. CHARLES GINETTO

    CHARLES GINETTO Active Member

    Some are slabbed and some are raw and honestly I don't know what the other things mean. Here are a few pictures of what I'm selling.
     

    Attached Files:

    rte and GoldFinger1969 like this.
  10. rte

    rte Well-Known Member

    The MS is short for Mint State.
    PF 70's would be proofs in a grade of 70.
    DCAM, etc refers to type of finish.

    Back to the coins, really linking the gold.
    The bicentennial stuff everyone likes, BUT probably have in duplicate numbers.


     
    Last edited: Mar 31, 2020 at 10:39 PM
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